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The Question of Changing the Concept, Paperand Functions of State
Full text linkThis paper onthe questionof the concept, role and functions of State, attempts tocritically analyze recent developments and transformations. Itis assumed that all existing State models to date are in ideological crisis that challenges the concept of State.The problem is that the empirical evidence of the roleand functionsof the State or the State system are different from ast and point of a range of spheres of government, which generate the multiple requirements of the regulatory activity of the State. In the discussion some questions are identified and proposals that may be useful for analyzing the transformation of the State are formulated.Keywords. Concept of State, State functions, role of government.JEL. H70, I18
Political Economy of Crony Capitalism: The Prospect and the Bane
Full text linkAbstract. The world over, capitalism had encroach the economy of nations turning governments against the people, employers against the workers all in the name of surplus values and profiteering motives. Although capitalism had made economies of nations to boom without much stress due to the fluid faces of its operations, nevertheless, it has more havocs than good. The review of most government policies has shifted to accommodate the growing bane of cronies of capitalism. This research shows the tactics employed by bourgeoisies in colliding with the government. What are the implications of these profiteering motives on the economy? The methodology adopted is the survey analysis of institutional data base. The theoretical framework of deprivation theory coupled with Marxian theory were used to x-tray the prospect and the bane of crony capitalism in the economy of polities.Keywords. Capitalism, Crony capitalism, Poverty, Masses and public policy.JEL. P00, P10, P16, P40, P50
Physical Infrastructures and Attractiveness of Private Capital in Sub-Saharan African (SSA) Countries
Full text linkPhysical infrastructures are a set of interconnected structural elements whose function is to participate in attracting capital flows in order for the economy to function efficiently. They transfer capital flows that are able to ensure growth and stability. They also constitute a major challenge for growth and development. We have attempted in this paper to study the influence of physical infrastructures and financial development on foreign direct investments (FDIs) in the context of Sub-Saharan African (SSA) countries by combining two theoretical approaches (the Paradox of Lucas and the external-internal factors), and by integrating the correlation between the components of capital flows. Our regressions show the importance of non-linear effects in the explanation of the determinants of private capital. This analysis also emphasizes the more important role physical infrastructures play in attracting FDIs despite perverse effects
Economy and Art: Why are Economy and Art Closely Linked?
Full text linkMost art products can be classified as intangible goods. They characterize a reasonable connection with passion, inspiration, creativity and emotions. However, the pricing of these outcomes is exceptional irregular and uncertain. As a result, the questions arise: What is art? What is the relationship between art and economy? Is there a practical way for artist to be famous and rich at the same time? Why are the fate of the artist depend not only on the quality and creativity of their products, but also to the economic resources? We have taken this phenomenon with particular attention, in which we examine the problem from an economic and artistic point of view. Upon analyzing the relations between art and economy, it provides a comprehensive view about the meaning of artworks for society’s economic and cultural development
